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Small Australian Mine Training Company Wins for Excellence in Training

The Observer: Tash Fee, head of the two-year-old mine training company, TNT Training Solutions, has won the Individual Award for Excellence in Training at the Mining Industry Skills Centre Training Awards, and has been recognized for her role in encouraging women into mining careers.
TNT Training Solutions provides training in everything from working at heights and confined spaces to fire training and a range of other skills. Originally a motor mechanic, Ms Fee started working as a fitter in the mines.

FLSmidth receives minerals orders in the Middle East

FLSmidth has received four contracts, each worth approximately EUR 40m (approximately DKK 300m) from a company in the Middle East for engineering services and minerals equipment. Each order entails the supply of one SAG mill, two ball mills, with associated pebble crusher, screens, pumps and cyclones along with engineering services and auxiliary equipment.

Gold does not provide security for Glenn Beck viewers

The FrumForum gloats that Glenn Beck's admonitions to buy gold, lots of physical gold in coins and other forms, has turned sour for customers just when it is supposed to have its greatest worth: The gold market meltdown — with prices plunging in recent weeks from over $1,900 an ounce to under $1,600 — is a reminder that the precious metal is a volatile, speculative commodity. It also signals a bear market in credibility for the many right-leaning cable-news and talk-radio hosts who have touted gold relentlessly in recent years as a hedge against economic calamity.

Paramount Gold reports new high grade drill intercepts at its San Miguel project in Mexico

WINNEMUCCA, NEVADA--(Marketwire - Sept. 27, 2011) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ)("Paramount Gold") announced today new high grade assay results from 10 core holes drilled on its 100% owned San Miguel Project in northwestern Mexico. Four holes drilled on the San Miguel Vein returned multiple high-grade gold and silver intercepts including 9.2 meters grading 5.56 g/T of gold and 120.14 g/T of silver and 21.95 meters grading 2.79 g/T of gold and 325.07 g/T of silver. These results are expected to upgrade inferred resources to higher categories and improve the average grade of the resource in this area.

Viking Minerals Inc.: China intensifies purchases of copper

Chinese companies and investors are stepping up their purchases of industrial commodities such as copper, in a show of confidence in the global economy that stands in contrast to the turmoil in western markets. The wave of buying is providing support for metals and minerals prices after commodities prices fell this month at worries about a double-dip. Senior executives at trading houses, mining companies and banks said Chinese consumers had used the recent drop in prices to rebuild stocks.

Stillwater withdraws offer after ‘dramatic deterioration’ on capital markets

Stillwater Mining Company on Monday became one of the first miners to find funding drying up following the punishment meted out to precious metals recently, when it announced after market close that it is withdrawing its proposed offering of senior notes due to the "dramatic deterioration of the capital markets during the past week." Stillwater said it still has enough funds for the $165 million net cash portion of the Peregrine transaction. The counter shed just over 1% of its value on the NYSE on Monday on a generally positive day for the markets, but is down 35% since last Monday. Stillwater is the only US producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. Platinum was trading at $1,565/oz on Monday, down from a year-high of $1,916/oz.

200 tonnes of long gone silver set for high-seas salvage

The Scotsman reports a British cargo ship carrying silver worth £135 million has been located deep in the North Atlantic 70 years after it was sunk by a Nazi torpedo, paving the way for the largest ever haul of precious metal from the sea bed. Marine archaeologists from Odyssey Marine Exploration, a shipwreck salvage company based in Florida, found the SS Gairsoppa resting almost three miles beneath the surface of the Atlantic Ocean and in international waters about 300 miles off the coast of Ireland. 200 tonnes of silver stashed in its hold. Under a salvage agreement with the British government, Odyssey will be able to keep 80% of the cargo.